Technology Trader

Buying Opportunities Amid the New Tech Wreck

The turndown in tech stocks makes Google, Cvent, and Palo Alto Networks worth a second look.

We may need a new term for the selective dumping of stocks that Wall Street delicately refers to as "rotation"—something quicker, like "spinning."

As the Nasdaq fell 3% on Thursday, its worst percentage drop since November 2011, some observers were already suggesting that investors would soon snap up the wreckage they'd just dumped—a rotation out of rotation, if you will.